EXPLORATION
necessary permitting to incorporate this project into its wider plans.
Financial instrument Atlantic Gold Corporation from Vancouver in British Columbia has lodged a National Instrument 43-101 Feasibility Study Technical Report with the Canadian Securities Administration (CSA). T e Report concerns the company’s
Moose River Consolidated Gold Project (known as the MRC Project), located in Nova Scotia, where independent experts Ausenco Engineering Canada examined two of the fi rm’s four ventures, Touquoy and Beaver Dam. Steven Dean, Atlantic’s Chairman and CEO, comments, “Since the acquisition of the Nova Scotian gold properties in 2014, we have fast- tracked the development of the MRC project through to the fi nancing stage with the delivery of a strong feasibility study. T e study includes the design of a central processing facility at Touquoy, which was fi rst designed in 2010, and now completed on a co-development basis of the Touquoy and Beaver Dam deposits. As such, the company believes the design is well optimised and is confi dent in its estimates to support the economic analysis within the study. T e results of the feasibility study serve to reinforce the project’s viability in a mining friendly jurisdiction,
with continued support from local stakeholders and government. T ese economics, together with the potential production upside from its wholly owned nearby deposits of Cochrane Hill and Fifteen Mile Stream make the MRC Project the premier gold mining project in the modern era of mining in the province.” T e company estimates that there is total of 714,000 oz, which it intends to remove over a nine-year period.
Copper Altona Altona Mining is claiming to have extended the potential life of its Little Eva mine in Queensland after completing an optimisation study on a newly discovered deposit.
GOING FOR GOLD B
eadell Resources has new results from its Tucano gold
mine in Brazil. The mine was acquired by Beadell Resources in 2010 and is located in Amapá State in northern Brazil. The discovery, dubbed Neo Lode, remains completely open at
28
www.engineerlive.com
The search for gold remains big business and is currently occurring everywhere from Canada to Tasmania
depth and along strike with the northern most hole intersecting 12m at 4.7 g/t gold. Extra drill results have been
received from a further four diamond holes that show good continuity over a strike length in excess of 500m. ●
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